T&E Solutions Releases ERP Software for 8(a)Government Contractors
First accounting software package developed by a government contractor for small business government contractors to help them be compliant with DCAA regulations.
Yardley, PA (PRWEB) July 25, 2004 -- T&E Solutions, Inc., a software
developer and government contractor, has released a new and affordable ERP
software package (ERP-GOV) that is designed specifically for the small and
mid-sized government contractor. It provides contractors with a accounting
system that helps them stay compliant with the Defense Contract Audit Agency
(DCAA) standards.
In fiscal 2003 the Federal Government awarded over $65
billion in prime contracts to small businesses and an estimated $20 billion in
sub-contracts. There are some 7,000 plus small minority 8(a) businesses
competing for those contracts.
Contractors are subject to various types
of government audits performed by the DCAA and other agencies. They include
pre-award, post award, price proposal, incurred cost, contract closing, internal
control, purchasing system and EDP audits and they can be overwhelming and
expensive. They all start with the contractor’s accounting system whether it is
a manual or computer based system.
Sometimes a company may receive awards
and be well into performance on the contract, before a compliance issue is
raised. When this happens, contractors may find themselves in a hurry to get a
new accounting system so they can pass the complex DCAA audit.
According
to Mark Gingery, Director of Business Development at T&E Solutions, “until
now most small business contractors could not afford a software system that was
designed specifically for meeting Government audit compliance. They are just too
expensive. So we decided to develop one for use in our own contracts management
and now are making it available to other contractors for a lot less than vendors
like Deltek.”
ERP-GOV automates the generation of time & material,
cost plus and cost plus fixed fee invoices from employee time sheets and vendor
payments. It not only provides government contractors with a complete accounting
management system but integrates all their major business functions including
sales, marketing, inventory, time sheets, payroll, human resources, recruiting
and applicant tracking.
T&E Solutions, Inc. is a woman-owned, ISO
9001:2000 business that was awarded a multi year $13.8 million contract with the
TSA for providing human factors engineering. They also develop enterprise
management software applications for the project oriented business and medical
office practice management.
For more information about T&E Solutions,
please contact Derek Cross, Director Operations, T&E Solutions at (215)
579-5710 or email at e-mail protected from spam bots
About T&E
Solutions, Inc. www.tandesols.com
# # #
Source : http://www.prweb.com/releases/2004/7/prweb143870.htm